Pfleiderer back in the black

Pfleiderer’s biggest division – Business Center Western Europe – was back in the black in the first quarter, the company announced at Interzum.

“Demand has shown continued stability in the German market and in the areas of renovation and contract business,” said Michael Wolf, CEO of Pfleiderer’s Western Europe division.

“All our business units and brands are above plan with regard to turnover and performance and are significantly ahead of last year.”

Mr Wolff said the company was on the right path with implementing its restructuring plan and in the interim had already put significant elements of it into practice.

Pfleiderer is also enjoying initial successes with its BalanceBoard, a panel made from fibrous plants rather than wood and which is up to 30% lighter than standards boards.

During Interzum Pfleiderer will receive the coveted Interzum High Quality Award for the product.